$179,900

40 Johnson Street, Lackawanna, NY 14218

5 beds |
2 baths |
1,740 sqft

Multi-Family Home
Built in 1857
4,800sqft lot
2 car garage
$103/sqft
Listed 1 month ago

Property Description

Fantastic Investment Opportunity or Owner-Occupant Gem! Welcome to 40 Johnson Street, a beautifully maintained and substantially updated 2-unit multi-family home located in a highly convenient and walkable Lackawanna neighborhood. Perfect for an investor looking to add a turn-key property to their portfolio, or an owner-occupant looking to live in one unit while letting the other pay the mortgage. The upper unit features 2 bedrooms and a brand-new, modern kitchen, new cabinets with butcher block counters, fully equipped with sleek stainless steel appliances and a brand-new independent heating unit. The spacious lower unit offers 3 bedrooms, an updated bathroom, and includes all kitchen appliances. Major mechanical upgrades offer true peace of mind, featuring a 3-year-old boiler, glass block basement windows, and two newer hot water tanks (lower replaced in 2023, upper in 2025). Some newer windows throughout. Outside, you will find a long driveway providing plenty of off-street parking alongside a detached 2-car garage that is perfect for additional storage or tenant use. Backyard is private and even has a small deck to enjoy WNY summers. Both units are clean, vacant, and ready for immediate occupancy. Comparable rents show between $1,200-$1,500/unit. Separate gas and electric meters make utility management simple. Don't miss out on this solid, low-maintenance Lackawanna double! SATURDAYS OPEN HOUSE HAS BEEN CANCELLED.

Listing Status:: Pending
Date Added:: May 20, 2026
Data Last Updated:: June 26, 2026 at 1:18AM
Listing Office:: eXp Realty : 888-276-0630
Listing Agent:: Dana Calhoun : 716-512-5599
MLS ID:: B1682690

General: Ceiling Fan(s)
Appliances: Gas Water Heater
Basement: Full
Flooring: CarpetHardwoodTileVariesVinyl
Heating: GasBaseboardWall Furnace
Fireplace: Fireplaces: 0
Eco/Green Feature: Appliances

General: DeckFencePrivate YardSee Remarks
Style: Duplex
Other Structures: Deck
Parking: GarageTwo or More Spaces

Roofing: AsphaltShingle
General: Fiber CementCopper Plumbing2Block

Road/Access: City Street
Originating MLS: NYS_B
School District: Lackawanna
County: Erie

Zoning: 140900-142-780-0004-024-000
Fencing: Partial

Utilities: Electricity ConnectedSewer ConnectedWater Connected
Water: ConnectedPublic
Sewer: Connected

Source: NYS_B

This listing courtesy of Dana Calhoun , eXp Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.